A closely watched momentum indicator signals a near 200% rally for bitcoin, in one chart

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Bitcoin enjoyed a big jump. Early April is shaping up very nicely for the largest cryptocurrency.

Chartist are excited pulling the bulls out of the woods. Bitcoin crossed an important level which has many believing a change in sentiment is in order.

Bitcoin closed above its 200 day moving average for the first time in a year. This has bulls very optimistic since it traditionally meant a 193% run.

From the present level, this would mean a jump above $13,000.

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bitcoin.jpg



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34 comments
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I could definitely see a huge jump in the future! I’d guess 200% by June and maybe 250% by August. Steem in my opinion has even better potential though!

Posted using Partiko iOS

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Rally, indicator signals and for bitcoin, in one chart , ooo good

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Oh yeah!
This is exciting!

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Good to see some movement back in the crypto space. Keeps it exciting. Not sure how much BTC will go up however enjoy the ride while it lasts.

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awesome

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Amazing blog thanks dear @finprep helpful article......
every two years bitcoin added extra zero......
2k19 i see BTC touch 100000$ in the end of year.....just share experience

Posted using Partiko Android

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We'll see how big the retrace will be when it gets to 6k...13k is just a dream for me so far
As for steem hope it follows because I just got into it a bit

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Right,bitcoin is a many dear,,,thank you,,,,👍👍👍

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Why are people more concerned on the price of these technologies than the technologies themselves? I would really like to see the same engagement from the community when it comes to the technologies that are currently being developed and not just about the profits and losses.

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I hope the bull continue, I want to see BTC to return to 7k at the very least

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Hi, your article was interesting, Anyway i'm new on steemit. Nice to meet you!

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I'm not really sure if this really a bullish trend or just another trap but let's hope it's real bullish trend!

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Investing in Cryptocurrency now, is the best you can do, even if you do it after the 'Big Wave' coming... See it as its philantrophic line, the same it has Liberland; the most prosperous Country of this century. Liberland its now a fact; nobody cant stop it because its sustained by Social Contract, not by the State nor any Reserve.

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Oh, much profits here to be made by all! Thank you, oh wise one!

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I hope so too. Imagine Bitcoin at 12 k and Steem at USD 4. In fact, I feel Steem can go way higher considering the momentum that exists at the moment.

Posted using Partiko Android

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There is need for correction before going over $13000

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@finprep, nice post, resteemed

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It is also funding community infrastructure projects in different parts of the world and are also offering in property investment funds via Canadian based Woodfine etc. It is a good opportunity to invest crypto money into physical assets and real estate financial assets which generate cashflow. It is really going under the radar but not for too much longer.

https://www.relex.io
https://www.relexcapital.com

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I have .30 BTC and am looking forward to a bigger jump. I am sure articles like yours will assist in moving Bitcoin higher. Thanks!!

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